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Acquisition Proposal

Financial Term

means any merger, amalgamation, take-over bid, tender offer, arrangement, recapitalization, liquidation, dissolution, share exchange, material sale of assets (or any lease, long term supply agreement or other arrangement having the same economic effect as a material sale of assets) representing greater than 20% of the fair market value of the Arrangement, any sale of more than 20% of any class of equity securities, or rights or interests therein or thereto, or similar transactions, or a proposal or offer, or public announcement of an intention, to do so, directly or indirectly, or any modification or proposed modification of any of the foregoing, excluding the Arrangement or any transaction to which the Purchaser or an Affiliate of the Purchaser is a party.

   
     

Acquisition Proposal

Financial Term

means any merger, amalgamation, take-over bid, tender offer, arrangement, recapitalization, liquidation, dissolution, share exchange, material sale of assets (or any lease, long term supply agreement or other arrangement having the same economic effect as a material sale of assets) representing greater than 20% of the fair market value of the Arrangement, any sale of more than 20% of any class of equity securities, or rights or interests therein or thereto, or similar transactions, or a proposal or offer, or public announcement of an intention, to do so, directly or indirectly, or any modification or proposed modification of any of the foregoing, excluding the Arrangement or any transaction to which the Purchaser or an Affiliate of the Purchaser is a party.

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